Any Partner, in a Limited Partnership, to Whom Any Part

question 55

Multiple Choice

Any partner, in a limited partnership, to whom any part of her contribution has been returned:

• A)without violation of the partnership agreement or statute is not liable to the partnership to the extent necessary to pay creditors who extended credit during the time the partnership held the contribution.
• B)in violation of the partnership agreement or statute is liable to the partnership for no more than one year for the amount wrongfully returned.
• C)in violation of the partnership agreement or statute is liable to the partnership for six years for the amount wrongfully returned.
• D)in violation of the partnership agreement or statute has liability for an unlimited time period for the amount wrongfully received.

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